Outgoing Boss Of SBI Says Credit Growth Is "Unfinished Agenda"
Arundhati Bhattacharya, who ends four years at the helm of State Bank of India <SBI.NS> on Friday, said reviving lending in the country was one of the major tasks left unfinished.
India's state banks, including SBI, the country's largest, have battled rising bad loans in recent years, a fight that has dampened credit growth and slowed a long-awaited economic revival. But Bhattacharya predicted better days ahead for the bank after a spike in sour debt in the last quarter due to a merger with five subsidiaries.
She will be replaced by colleague and banking veteran Rajnish Kumar.
(Reuters)
